Launches & Closures

San Francisco-based manager launches UCITS fund


San Francisco-based Ascend Capital, which runs about $3.2 billion, is the latest US-based alternative investment manager to unveil its absolute return UCITS offering.

Other prominent US-based managers launching UCITS hedge funds this year include Wall Street legends John Paulson, Barton Biggs and Thomas Sandell.  Earlier this week Florida-based Dunn Capital launched a commodities UCITS.

A survey by AlphaMetrix, a company that provides services to hedge funds, found that 27% of US-based hedge managers plan to create a UCITS structure this year (read earlier story here).

The new fund, MS Ascend UCITS Fund, is an opportunistic US focused long/short equity